Skip to main content

Merger Information

Answers to Questions You May Have Regarding the Merger of First Farmers State Bank and Bank of Pontiac

Do you have a question regarding the transition from First Farmers State Bank to Bank of Pontiac?

We are here to help! We want to answer your questions and concerns and make this transition as smooth and trouble-free for you as possible. For further information, you may also call Bank of Pontiac during regular business hours by phone 815-844-6155. Our website also contains a large amount of information about Bank of Pontiac, its products and services, and its branch locations and hours.

A Merger Conversion Booklet was previously mailed to all First Farmers State Bank customers.  Download an electronic version of the Merger Conversion Booklet here.

What is happening to the name “First Farmers State Bank?”
As of April 1, 2021, the legal name of the bank is Bank of Pontiac with the Minier and Delavan locations being called First Farmers Bank, Branch of Bank of Pontiac and the Bloomington location being called Bank of Pontiac.

How does this merger benefit First Farmers State Bank customers? 

You benefit in many ways! Customers will benefit from the combined banks in several ways, the most obvious being the addition of seven branches and fifteen ATMs throughout Livingston and Grundy Counties. Bank of Pontiac offers many of the same and great financial products including Interest Checking, Money Market accounts, Savings, Health Savings accounts, Business Checking, Farm Management, CDs and IRA accounts as well as a wide variety of loans including mortgage loans, home equity loans, HELOCs, personal loans and business loans. We also offer FREE Checking, FunTimer Checking and Mobile Banking.

Soon, you’ll be able to use any Bank of Pontiac ATM surcharge FREE!

How does this merger benefit Bank of Pontiac customers?

You also benefit!  Customers will benefit from the combined banks with the addition of a branch, Drive-Up facility and an ATM each in Minier, Delavan and Bloomington. 
I really like the people I bank with at First Farmers State Bank.  Is all of that going to change?
You will continue to be taken care of by the same friendly, professional staff that takes care of you now.  We are distributing the responsibility for decision into each of the branches, as they are best equipped to know their own customers personally. 
Will the hours of the First Farmers State Bank branches and Drive-Up facilities change?
As of right now, there are no changes to the hours. 
What is the timeline for the conversion of my First Farmers State Bank accounts to Bank of Pontiac accounts?
The final step in the transition process is scheduled to occur over the weekend of August 27, 2021.  At that time, your accounts will automatically convert to similar types of accounts at Bank of Pontiac.  Please refer to the Merger Conversion Booklet for new account information and details.

We are very pleased to welcome you as a Bank of Pontiac customer! At Bank of Pontiac, you’ll find that we are committed to understanding what’s important to you, so we can provide the best solutions for all your financial needs. In the meantime, we’re working to make the transition easy for you.
How will my bank accounts be affected?  What changes will be made to account numbers?

Some changes may be made when your First Farmers State Bank accounts are converted to Bank of Pontiac’s operating systems.  If any changes are made, Bank of Pontiac is committed to making the changes as easy and convenient for you as possible. You will be notified well in advance of any changes and you will receive detailed information in a mailing.  You will also be assisted every step of the way by bank staff you already know and have worked with for years.

Can I continue to use the same checks I have today? 

Yes, you can continue to use the same checks and deposit slips you use today until the data processing conversion is completed. 

Account numbers will remain the same for the majority of customers.  In the event of a duplicate account number, the customer will be notified with the details about their new account number. Customers can continue to use their existing supply of checks after the operating system change; however, when it is time to reorder, the checks will need to include Bank of Pontiac’s routing number of 071122263.  

Will the interest rates and terms on my CDs, IRAs, and loans remain the same?
Yes, however, after the data processing conversion is completed, there may be new maturity options available.
Will the interest rates and terms on my checking, money market, and savings accounts change? 

Yes, these rates may change.  You will be notified well in advance of any changes.

Is direct deposit available at Bank of Pontiac? Will they continue as usual? 

Yes, Direct Deposit of Social Security, pension, payroll or government payments will continue without interruption.  We will notify the originators of routing number changes and might need you to follow up with them.

As you sign up for additional or new ACH transactions, Direct Deposit and Electronic Funds Transfers, please provide them with Bank of Pontiac’s routing number of 071122263.

If I have my payments automatically deducted from my checking account, will that continue?

Yes, there may be some additional paperwork to fill out, but you will otherwise be able to continue this service.  We will notify the originators of routing number changes and might need you to follow up with them.

As you sign up for additional or new ACH transactions, Direct Deposit and Electronic Funds Transfers, please provide them with Bank of Pontiac’s routing number of 071122263.

Will the fees for bank services change? 
Yes, some fees may change before the data processing conversion is completed while others may change once the data processing conversion is completed.  The fees you pay for various banking services will be the same as for all Bank of Pontiac customers.  Please refer to the Merger Conversion Booklet for fee information and details. 
Will my bank routing number change?
Yes, but not until after the data processing conversion is completed.  You will be notified with more detailed information.  The routing number for Bank of Pontiac is 071122263. 
Can I continue using my First Farmers State Bank Debit Card?
You will be issued a new Debit Card number and pre-assigned Personal Identification Number (PIN) number. The new Debit Card is a Mastercard Debit Card, enabling you to make purchases wherever you see the Mastercard symbol.  With your new Bank of Pontiac Debit Card, you have the option of changing your PIN.  If you want to change your PIN, that change can be made at any Bank of Pontiac location or a Bank of Pontiac location drive-up ATM including our locations in Minier, Delavan and Bloomington.

The First Farmers State Bank Visa Check Card will continue to work and process transactions through 2:00 AM CST on Monday, August 30, 2021.  The new Bank of Pontiac Mastercard Debit Card will begin working on Monday, August 30, 2021.  Due to the conversion, there may be a short period of time in the early morning hours that neither Debit Card will work.  We apologize in advance for any inconvenience.
When will the First Farmers State Bank ATMs be converted to Bank of Pontiac ATMs?
The First Farmers State Bank ATMs located in Minier, Delavan and Bloomington will be converted on Monday, August 30, 2021. Those ATMs will be unavailable at that time; however, the Drive-Up and Teller windows will be open for your banking needs.

When can I start using online banking, bill pay and mobile banking?

You can continue to bank online at www.firstfarmers.com through 4:00 PM CST on Friday, August 27, 2021. At that time, you will be placed in review only at 4:00 PM CST on Friday, August 27, 2021 and will continue to have access to review your accounts until Monday, August 30, 2021 at 8:00 AM CSTReview only means that you will not have access to make, schedule or edit any transfers or transact business through Popmoney®.  

Access to Bill Pay will be restricted beginning Monday, August 23, 2021 at 8:00 AM CST.  You will not be able to make any new payments, modify payments or cancel payments from Monday, August 23, 2021 through Friday, August 27, 2021.

Current online banking users will receive a separate letter from Bank of Pontiac with further details.

Where should I mail my loan payments?

Simply continue to mail your payments to the same address you have always mailed them.  If changes are necessary, we’ll provide you with information well in advance.

Will my loan coupon book change?
Please continue to use your existing coupons and pay your loan as you always have.  If there are any changes, you will be notified well in advance.

What if I have a mortgage loan or other loan application in process?

If you have any specific questions, please contact your local Bank of Pontiac Loan Officer.
Will FDIC insurance change on my accounts?
 If you have funds on deposit at First Farmers State Bank and Bank of Pontiac on the date of the merger (April 1, 2021), your funds will continue to be insured separately by the FDIC for six months after the date of the merger (September 30, 2021).  If your combined balance at both institutions is less than $250,000, your funds will continue to be fully insured after the end of the six month transition period.  At the end of the six month transition period, your funds in excess of $250,000 (except for special rules concerning Certificates of Deposit) will no longer be insured.  For assistance to determine if you are adequately insured, please feel free to contact a Customer Service Representative or visit www.fdic.gov for more information.
Is there anything that I should be doing differently?
No. You can continue to do your business just as you always have. You’ll continue to receive the same array of products and the high quality of service you have been accustomed to.  If any product changes are made in the future, you will be notified well in advance.

Connect on social media 

facebook twitter